649 N 15TH STREET
PHILADELPHIA , PA 19130
MLS#: PAPH2439662
$1,250,000

Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2017
Sq.Footage
N/A
SCOPE Commercial Real Estate Services, LLC ("SCOPE") is pleased to present the opportunity to acquire 649 N 15th Street, a newly renovated 6 unit multifamily asset with three parking spaces, located in Philadelphia's vibrant Spring Garden neighborhood. This 4,748-square-foot property, situated on a 2,500-square-foot lot, underwent comprehensive renovations in 2021 and has five years remaining on its tax abatement. The building features six residential units, all thoughtfully designed with high-end finishes, including high ceilings, hardwood flooring, central air, and large windows that allow natural light to flood the interiors. 649 N 15th Street is strategically located within the Spring Garden neighborhood, offering residents convenient access to a variety of amenities. Public transportation options are abundant, with the Girard Station of the Broad Street Line and multiple SEPTA bus routes within walking distance, facilitating easy commutes to Center City and other parts of Philadelphia. Additionally, the property is close to Fairmount Avenue, known for its eclectic mix of restaurants, cafes, and shops, enhancing the urban living experience. Value-Add Potential: An analysis of the rent roll reveals a strong value-add opportunity. By increasing rents to market rates, the property could generate an additional 7.6% increase in rental income, presenting a compelling upside for investors. This offering presents a unique opportunity to acquire a stabilized, high-quality asset in one of Philadelphia's most desirable neighborhoods, with significant upside potential through rental growth and continued strong demand for well-appointed residential units.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Natural Gas, Central
Exterior
-
Garage
No
-
Parking
Private, Garage
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.06
-
Property Type
Commercial Sale
Price
-
Sales Price
$1,250,000
-
Tax Amount
13939.0
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Septic Tank, Public Sewer
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Location
County
PHILADELPHIA
Elementary School
Middle School
High School
Listing Courtesy of Joseph M. Loonstyn Jr. , Scope Commercial Real Estate Services, Inc.
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Owner, President, Investment Property Advisor
TheresaKehler
Call Theresa today to schedule a private showing.

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